# Business Goals * **Definition:** Long-term objectives that guide an organization's direction and decision-making processes within the healthcare or healthcare technology sector. * **Taxonomy:** CTO Topics / Business Goals ## News * Selected news on the topic of **Business Goals**, for healthcare technology leaders * 15.5K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 5/14/2025 | [**Duke Energy spinoff moving uptown HQ - Charlotte Business Journal**](https://www.bizjournals.com/charlotte/news/2025/05/14/deriva-energy-duke-energy-office-one-south-uptown.html) | [[The Business Journals]] | | 4/30/2025 | [**Healthcare AI adoption up, but data and integration challenges persist**](https://www.healthcareitnews.com/news/healthcare-ai-adoption-data-and-integration-challenges-persist) | [[Healthcare IT News]] | | 4/25/2025 | [**Perficient Included in IDC Market Glance: Healthcare Provider Operational IT Solutions, 1Q25**](https://blogs.perficient.com/2025/04/25/perficient-included-in-idc-market-glance-healthcare-provider-operational-it-solutions-1q25/) | [[Perficient Healthcare]] | | 3/31/2025 | [**Alleva Appoints Vivek Narayanaswamy as Chief Technology Officer to Drive Innovation in ...**](https://www.morningstar.com/news/pr-newswire/20250331la52898/alleva-appoints-vivek-narayanaswamy-as-chief-technology-officer-to-drive-innovation-in-behavioral-health) | [[Morningstar]] | | 2/10/2025 | [**Technology Architect Harish Kumar Reddy Kommera Wins 2024 Global Recognition Award**](https://markets.businessinsider.com/news/stocks/technology-architect-harish-kumar-reddy-kommera-wins-2024-global-recognition-award-1034336395) | [[Business Insider Markets]] | | 2/7/2025 | [**70 chief strategy officers to know - 2024 - Becker's Hospital Review**](https://www.beckershospitalreview.com/lists/70-chief-strategy-officers-to-know-2024.html) | [[Beckers Hospital Review]] | | 2/5/2025 | [**Why health systems should be 'clear-eyed' about business goals for AI tools**](https://finance.yahoo.com/news/why-health-systems-clear-eyed-132114325.html) | [[Yahoo Finance]] | | 2/1/2025 | [**Weekly Roundup - February 1, 2025**](https://www.healthcareittoday.com/2025/02/01/weekly-roundup-february-1-2025/) | [[Healthcare IT Today]] | | 1/16/2025 | [**Baker Tilly's Insights on Driving Change in Healthcare: Trends Reshaping the Industry**](https://www.morningstar.com/news/accesswire/969447msn/baker-tillys-insights-on-driving-change-in-healthcare-trends-reshaping-the-industry) | [[Morningstar]] | | 1/16/2025 | [**Baker Tilly's Insights on Driving Change in Healthcare: Trends Reshaping the Industry**](https://finance.yahoo.com/news/baker-tilly-insights-driving-change-143000525.html) | [[Yahoo Finance]] | | 12/19/2024 | [**Highwire Appoints Mike Steavenson as Executive Vice President of Enterprise Technology ...**](https://www.morningstar.com/news/globe-newswire/9321618/highwire-appoints-mike-steavenson-as-executive-vice-president-of-enterprise-technology-practice-elevates-jason-mayde-to-cto) | [[Morningstar]] | | 12/12/2024 | [**ChristianaCare names new VP of IT**](https://www.beckershospitalreview.com/hospital-executive-moves/christianacare-names-new-vp-of-it.html) | [[Beckers Hospital Review]] | | 12/3/2024 | [**Cotiviti Welcomes Seasoned Technology Executive Suvajit Gupta as Chief Technology Officer**](https://www.businesswire.com/news/home/20241203139499/en/Cotiviti-Welcomes-Seasoned-Technology-Executive-Suvajit-Gupta-as-Chief-Technology-Officer) | [[Business Wire]] | | 12/2/2024 | [**Innovative Solutions Announces the Launch of Tailwinds to Simplify and Accelerate GenAI ...**](https://www.prnewswire.com/news-releases/innovative-solutions-announces-the-launch-of-tailwinds-to-simplify-and-accelerate-genai-implementations-302317587.html) | [[PR Newswire]] | | 11/29/2024 | [**TMA Solutions Launched AI as a Service: Empowering Digital Transformation Across Industries**](https://www.prnewswire.com/news-releases/tma-solutions-launched-ai-as-a-service-empowering-digital-transformation-across-industries-302318752.html) | [[PR Newswire]] | | 11/8/2024 | [**ISG to Assess Procurement Services Worldwide**](http://www.businesswire.com/news/home/20241108684257/en/ISG-to-Assess-Procurement-Services-Worldwide/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 9/13/2024 | [**Inoxoft Marks Industry Milestone, Delivers Over 200 Custom Development Projects**](https://markets.financialcontent.com/stocks/article/getnews-2024-9-13-inoxoft-marks-industry-milestone-delivers-over-200-custom-development-projects) | markets.financialcontent.com | | 9/12/2024 | [**The CISO Connector: Bridging Business Goals, Operations, and Security in Healthcare**](https://hitconsultant.net/2024/09/13/the-ciso-connector-bridging-business-goals-operations-and-security-in-healthcare/) | [[HIT Consultant]] | | 8/23/2024 | [**From FOMO to FOMU: A Framework for Getting AI Right**](https://medcitynews.com/2024/08/from-fomo-to-fomu-a-framework-for-getting-ai-right/) | [[MedCity News]] | | 8/12/2024 | [**Create Health Ventures Closes First Fund of $21 Million - Healthcare Innovation**](https://www.hcinnovationgroup.com/clinical-it/digital-health-innovation/news/55132449/create-health-ventures-closes-first-fund-of-21-million) | [[Healthcare Innovation]] | | 8/12/2024 | [**Create Health Ventures Launches $21M VC Fund for Digital Health - HIT Consultant**](https://hitconsultant.net/2024/08/12/create-health-ventures-fund-launch/) | [[HIT Consultant]] | | 8/12/2024 | [**74% of Healthcare Governance Teams Vague on Cyber Resilience - BankInfoSecurity**](https://www.bankinfosecurity.com/74-healthcare-governance-teams-unclear-on-cyber-resilience-a-25935) | bankinfosecurity.com | | 7/31/2024 | [**Driving Innovation & Business Growth Through the Power of Data - Digital First Magazine**](https://www.digitalfirstmagazine.com/driving-innovation-business-growth-through-the-power-of-data/) | digitalfirstmagazine.com | | 7/25/2024 | [**Manatt Adds Leaders to Enhance Life Sciences and Digital Health Legal and Advisory Practices**](http://www.businesswire.com/news/home/20240725308350/en/Manatt-Adds-Leaders-to-Enhance-Life-Sciences-and-Digital-Health-Legal-and-Advisory-Practices/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 7/2/2024 | [**Dataiku and KPMG Join Forces to Modernize Analytics, Propelling Enterprises Toward AI Success**](https://www.conchovalleyhomepage.com/business/press-releases/globenewswire/9171979/dataiku-and-kpmg-join-forces-to-modernize-analytics-propelling-enterprises-toward-ai-success) | conchovalleyhomepage.com | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **Helpware**: A business process outsourcing leader enhancing its capabilities through strategic acquisitions. - **Altimetrik**: A digital business solutions provider aiming for significant growth through strategic investments. - **CITIC Telecom CPC**: A telecommunications provider emphasizing the need for comprehensive ICT solutions aligned with business goals. - **Create Health Ventures**: A venture capital firm focused on investing in early-stage digital health startups that enhance patient engagement and improve care journeys. - **Amazon**: Launched a generative AI initiative to help small to medium-sized businesses enhance operational efficiency. - **ToxStrategies**: A consulting firm specializing in pharmaceutical development and commercialization, recently acquired Suttons Creek to enhance its service offerings. - **Tomorrow Health**: A healthcare technology company expanding its executive team to enhance its platform and address complexities in the U.S. healthcare system. - **Ardent Health**: A healthcare organization focused on enhancing technology leadership through strategic appointments. - **Highwire**: A company focused on leveraging AI responsibly to drive innovation and deliver impactful results for clients. - **Toyota Motor Corporation**: A company leveraging AI for operational improvements and customer experience. - **Patrick Hannon**: CEO of CloudScale365, providing IT services to help organizations achieve business objectives. - **Cotiviti**: A healthcare technology company focused on improving healthcare quality and sustainability through advanced technologies and analytics. - **Manatt, Phelps & Phillips, LLP**: A law firm enhancing its healthcare industry group with new Managing Directors to support clients in achieving their business goals across legal, business, policy, and technology sectors. - **Akinox**: A healthcare technology firm focusing on strategic growth and digital health initiatives. - **Foundation AI**: A company specializing in AI-powered document processing solutions aimed at enhancing efficiency for law firms. - **Cohesity**: A data management company expanding its capabilities through acquisitions and partnerships. - **Wolters Kluwer**: Provides integrated software solutions for various sectors, hosting conferences to discuss compliance and business strategies. - **Avaap**: A consulting firm specializing in Workday products, aiming to help organizations modernize and achieve business goals through improved adoption rates and project success. - **Ivalua**: A leader in spend management that partners with organizations to enhance operational efficiency through digital solutions. ### Partnerships and Collaborations - **Ascendion and Microsoft**: Collaboration to leverage Azure's capabilities for application development, ensuring alignment with business goals. - **Gusto and Google**: Introduced AI-powered tools to assist small business owners in managing HR and operational integration. - **ToxStrategies and Suttons Creek**: The acquisition aims to create integrated teams to tackle complex challenges in drug development. - **Healthcare AI Forum**: Experts will discuss responsible AI strategies and aligning them with business goals to enhance patient care. - **Deloitte and Google Cloud**: Collaborating to help enterprises integrate AI into their operations for enhanced competitiveness. - **Helpware and Unicsoft**: Acquisition aimed at enhancing IT and software development capabilities. - **NorthStar Clean Energy and General Motors**: Launched Newport Solar project to promote renewable energy and reduce carbon footprint. - **CITIC Telecom CPC and VMware**: Partnering to provide customized cloud solutions that evolve with customer needs. - **Dataiku and KPMG**: A strategic alliance aimed at modernizing analytics and accelerating AI technology adoption in enterprises. - **Cotiviti and Suvajit Gupta**: Cotiviti appointed Suvajit Gupta as CTO to enhance technology strategy and align it with business objectives. - **TMA Solutions and True IDC**: A partnership to offer AI as a Service (AIaaS), combining expertise to help businesses adopt AI solutions efficiently. - **Kraft Heinz and ServiceNow**: Collaboration to enhance digital transformation in manufacturing. - **Ai Everything GLOBAL 2025**: VIDIZMO's participation in this event aims to showcase advancements in AI technologies and promote responsible AI adoption across sectors, including healthcare. - **Cognizant and Alnylam Pharmaceuticals**: A partnership aimed at improving automation and operational efficiency in delivering RNA interference therapeutics. - **Ivalua and Cyrias**: Ivalua partnered with Cyrias to help Milence digitalize its Source-to-Contract processes, aligning with operational efficiency goals. - **Kovair Software and Boomi**: Kovair has joined Boomi's Technology Partner Program to enhance application integration and development capabilities. - **NETSCOUT with Cisco and Palo Alto Networks**: Collaboration to integrate AI-ready data into various platforms for improved analytics and decision-making. - **Avaap and Workday**: Avaap's partnership with Workday aims to become the preferred consulting partner for organizations implementing next-generation cloud solutions. - **Uber and Cruise**: Partnership to introduce self-driving vehicles to the ride-hailing platform. - **Link Mfg. and Corcentric**: Partnering to enhance purchasing options for fleets through innovative suspension products. ### Innovations, Trends, and Initiatives - **Create Health Ventures**: Investing in B2B solutions to enhance patient engagement and care delivery. - **CloudScale365's Co-Managed IT Service**: Aims to assist SMEs in achieving business objectives cost-effectively. - **Corporate Training Growth**: The corporate training market is expanding, focusing on upskilling employees through digital tools and continuous learning initiatives. - **Digital-First Care Options**: Transforming healthcare experiences by providing personalized care choices, prompting organizations to develop impactful marketing strategies. - **Generative AI (GenAI)**: A technology showing significant business value across applications like drug discovery and fraud detection, requiring strategic planning for effective implementation. - **Cloud Technology Adoption**: SMEs in India are increasingly adopting cloud technology for scalability and operational efficiency. - **Exponential IT Mindset**: A strategic approach for healthcare IT leaders to enhance patient outcomes and manage costs. - **Corporate Training Evolution**: Focus on upskilling and reskilling employees, with an emphasis on digital skills and the integration of AR and VR technologies. - **AI-Powered Solutions**: Healthcare organizations are encouraged to implement AI technologies to improve patient outcomes and operational efficiency. - **Generative AI (GenAI) Initiatives**: Organizations are adapting roles of CIOs and CTOs to effectively integrate GenAI, emphasizing collaboration among technical and business experts. - **Generative AI**: Revolutionizing IT operations by enhancing automation and efficiency across various sectors, including healthcare. - **AI Trends 2025 Report**: Highlights the necessity for organizations to manage AI as a core element of their strategy, emphasizing responsible AI governance. - **AI in Healthcare**: 77% of healthcare executives prioritize AI investments to improve patient care and operational efficiency. - **Create Health Ventures' Inaugural Fund**: A $21 million fund aimed at investing in digital health startups, focusing on improving patient experiences and addressing health disparities. - **Content Audits in Healthcare**: Emphasizing the importance of regular content audits to maintain relevance and effectiveness in healthcare communications. - **CTO Role Evolution**: The role of Chief Technology Officers is evolving to integrate technology with business strategy, focusing on innovation and cross-functional collaboration. - **Shaip Data Platform**: Focuses on sourcing high-quality, diverse, and ethically sourced data for training AI models. - **Generative AI Adoption**: Over 60% of companies prioritize generative AI as a top initiative, with significant budget increases for its implementation. ### Challenges and Concerns - **Alignment of IT and Business Goals**: Organizations face challenges in aligning IT initiatives with broader business objectives, necessitating a culture of continuous learning and robust communication. - **Technology Alignment**: A significant percentage of executives believe that inadequate technology hinders their business goals, emphasizing the need for advanced technologies. - **Funding Challenges for Black Women Entrepreneurs**: Facing significant barriers in accessing venture capital, impacting business growth. - **Lack of Clear Strategies for AI Deployment**: Only 36% of executives report having a well-defined vision for generative AI, indicating a need for clearer strategies. - **Data Privacy and Security**: Concerns regarding compliance with regulations like GDPR and CCPA while managing sensitive employee information in HR analytics. - **Cybersecurity Threats**: Cyberattacks pose significant risks to healthcare organizations, necessitating robust cybersecurity measures and business continuity planning. - **Data Privacy and Governance**: Organizations must navigate challenges related to data privacy and governance when adopting AI. - **Cybersecurity in Healthcare**: 62% of healthcare organizations reported insufficient funding for cybersecurity, indicating a misalignment with business objectives. - **AI Strategy Development**: 41% of organizations are still developing an AI strategy, highlighting the need for robust governance frameworks. - **Governance Gaps in AI Adoption**: Barriers such as governance gaps and skill shortages hinder organizations from effectively scaling AI initiatives. - **Quality and User Adoption Issues**: Some companies face challenges with output quality and user adoption of AI technologies. - **Regulatory Pressures**: Healthcare organizations face increasing regulatory pressures, particularly with upcoming compliance requirements like the Digital Operational Resilience Act. - **Adoption of AI Technologies**: A significant portion of healthcare companies lack a cohesive strategy for implementing AI technologies, hindering their ability to leverage AI's full potential. - **Job Security in IT**: Concerns about AI replacing jobs, emphasizing the need for human skills that AI cannot replicate. - **Operational Inefficiencies**: Organizations face challenges in operational inefficiencies and compliance issues as they adopt AI technologies. - **Cybersecurity Risks**: Healthcare organizations face significant threats, necessitating enhanced data security measures. - **Integration of Emerging Technologies**: Healthcare organizations need to effectively integrate AI and IoT to improve interoperability. - **Data Security and Regulatory Uncertainties**: Despite decreasing concerns, organizations recognize the need for enhanced data readiness and talent acquisition for effective AI implementation. - **Regulatory Compliance**: Ongoing challenges in ensuring compliance with evolving regulations in healthcare technology. - **AI Implementation Risks**: Healthcare leaders need to evaluate AI tools focusing on compliance, safety, and ethics to mitigate risks. ## Related Topics [[Business Objectives]]; [[Business Outcomes]]